Also, the Fair Labor Standards Act (FLSA) requires you to keep payroll records at least three years. When a physical document with classified information goes missing, that employee risks potential identity theft and fraud. Secure: Because all payment information is stored online, it can’t be misplaced. Paperless billing is:Įasily accessible: With a username and password, employees can log into the company’s online portal and have instant access to paperless pay stubs, direct deposit information and payroll records. Using an online portal system, employees can retrieve the following information using a computer, tablet or mobile device:Ĭonsider these paperless pay benefits to help you determine if this method is right for your company. Employees can conveniently access payment-related information online and receive paychecks by direct deposit. With paperless pay, businesses complete all forms of payment online rather than on paper. In this article, we outline the benefits of paperless pay to help you determine if it’s right for your company.

If paperless pay, also known as “direct deposit,” will enhance your employees’ experience, it may be an option to pursue. More and more companies are choosing paperless payment processes to increase efficiency and accessibility for employees.

Paperless payment system